An analysis of equilibrium prices done by Local Market Monitor for the Naples Daily News shows that out of the 19 Florida cities it tracks, Naples/Marco Island is 11th in terms of being underpriced. The company defines an equilibrium home price as “where home prices would be in the absence of market distortions.” The report, based on analysis of the long-term relationship between income and home prices shows that, despite rising prices, Naples is actually underpriced by a substantial amount, actually 20.7% below the equalibrium price of $$324,804. Read the article here. The same reasearch company expects values to rise in Naples by 5% over the next year. With an expected lower inventory in the prime areas of Naples, including Port Royal, Aqualane Shores, Olde Naples, and the Moorings, we expect that percentage to be considerably higher.
If you're looking for a home, whether it be as an investment, second home, or main residence, the prices wil not get any better than they are now. Contact Carter Wheeler, at 239-877-7626
for more infomation on Naples area luxury real estate.